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How to Buy Crypto with Philippine Veterans Bank in Philippines

Last updated on November 12, 2023

Quick Summary: While Philippine Veterans Bank does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of Philippines cryptocurrency exchanges to pick from, but we suggest using the eToro exchange.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.

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Philippine Veterans Bank Homepage

As mentioned in my quick summary, like most Philippines banks, Philippine Veterans Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency exchange and comes with regulations and extra work for the banks.

There are a large number of crypto exchanges that you can use to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using eToro as it’s a highly trusted and global exchange), you can easily move money from your bank account to the trading platform., and exchange it for a variety of cryptocurrencies.

How to buy crypto or bitcoin with Veterans Bank

Let’s get started! Just follow our 4 quick steps.

1. Pick a crypto trading platform

As mentioned above, I’ll be using eToro for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With eToro

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For eToro there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy cryptocurrency

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with Philippine Veterans Bank.

Buy Crypto With eToro

About Philippine Veterans Bank

Philippine Veterans Bank, also called PVB or Veterans Bank, is a commercial bank located in the Philippines. The bank is controlled by Philippine World War II war veterans and their families. The bank serves corporate as well as consumer financial markets. In accordance with its statute of limitations, PVB allocates 20% of its annual net profits to the benefit of its shareholders.

Presently, PVB is ranked 22nd in the Philippines 38 commercial and universal banks. As of the end of 2013 the bank had 60 branches across the country and employs around 900 officers as well as employees of rank and file.

The month of July 2013 was the time when the Finance Secretary, Roberto F. de Ocampo, OBE, was elected chairman of the Board of Directors. Then, five new directors were elected to the board, including Guillermo L. Parayno Jr. Ma. Nieves R. Confesor, Alfonso B. Cruz, Jr., Judith V. Lopez, and Pablito H. Yap.

PVB’s corporate social responsibilities and service to its Filipino World War II veteran community have been acknowledged by numerous award-giving organizations throughout the years.

Veterans Bank’s social responsibilities as a business is embedded in the foundation of its purpose. This distinction sets the bank apart from the majority of private for-profit companies. In the beginning, the bank’s legal obligation is to provide immediate and sufficient medical care, benefits, and other types of assistance to veterans of war along with their loved ones.

Twenty percent (20 percent) of the Philippine Veterans Bank’s earnings are given to the Board of Trustees for the Veterans of World War II (BTVWWII) every year. This is why the purpose of this bank is guarantee its steady profitability and expansion.